Capital Gains Tax ruled out


The Labour-led Coalition Government will not proceed with the capital gains tax recommended by the Tax Working Group after cabinet was unable to find a consensus.

Prime Minister, Jacinda Ardern, has also ruled out a capital gains tax under her leadership in the future.

Despite the focus on CGT, the Tax Working Group had made a number of other recommendations for amending the tax system which would be investigated further or added to the work programme.


The Prime Minister noted that the Coalition Government:

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